PYHRX : Payden High Income Fund Investor Class

Fund Summary

The investment seeks high current income while providing for capital appreciation by investing primarily in a diversified portfolio of below investment grade bonds. The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the fund's adviser, Payden & Rygel ("Payden"), determines to be of comparable quality.